Bessent Seeks Industry Feedback to Shape New GENIUS Rules

The U.S. Department of the Treasury has published a Notice of Proposed Rulemaking (NPRM) to clarify issues still unclear in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, including the scope of the regulation, the extraterritorial character of its provisions, and other relevant elements before its implementation date. U.S. Department of the […]